Servicing

Mortgage industry hiring and new job appointments for the week ending June 21.

The number of properties in some stage of mortgage default has fallen to its lowest level in 14 years as most types of delinquencies have declined, according to Black Knight.

The mortgage agency has hired Eric Blankenstein, who sparked controversy while at the consumer bureau over past revelations of racially charged writings.

Ditech Holding Corp. has entered into purchase agreements with New Residential Investment Corp. and Mortgage Assets Management, in which each would acquire certain assets in the company's Chapter 11 bankruptcy.

Housing finance agencies reported increased demand for their loan products, but at the same time the inventory shortage constrains activity and drives them to work with other public entities to find solutions, Moody's said.

Mortgage Industry Advisory Corp. will collect bids Tuesday on behalf of a seller for a more than $1 billion mortgage servicing rights package that includes securitized loans with alternative remittance cycles.

Completed foreclosures shot down 50% in May from the year before, with overall activity also declining by 22% during the same period, according to Attom Data Solutions.

Mortgage industry hiring and new job appointments for the week ending June 14.

Home sales in Baltimore plunged in May amid the recent ransomware attack on city government computers, including those essential for completing real estate transactions.

Foreclosure rates in March hit their lowest reading for the month in at least 20 years, while overall and serious delinquency rates also achieved 13-year lows for the same period, according to CoreLogic.